Helpful Tips to Prepare for Your Garage Liability Policy Premium Audit

You will be informed of specific documents needed prior to your premium audit, but in general, payroll reports are required as well as State Unemployment Wage Reports (SUTA).

TIP Maintain up-to-date records and save those in a paper or electronic audit-designated folder. Visit the required documents section to see examples of documents and verification records needed which vary based upon your type of policy. 

If your payroll report doesn't match your policy term, you can round the payroll report to the first of the month. For example, if your policy period is 6/15 - 6/15, you can provide payroll for 7/1 to 6/30 or 6/1 to 5/31.

TIP It is acceptable to deviate payroll from the policy period by 30 days.